The Work Opportunity Tax Credit is a federal tax credit incentive available to employers who hire individuals from target groups, which include individuals on SNAP benefits, disabled individuals, Veterans, and the long-term unemployed, and more. A typical tax credit is around $2,400, though the actual credit may be higher or lower depending on the eligibility Read more about Introduction to the Work Opportunity Tax Credit[…]
Achievement with Veracode Verified demonstrates commitment to produce secure software Farmington, CT 12/1/2020 – Cost Management Services, LLC (CMS) today announced that it participates in Veracode Verified, a program that validates a company’s secure software development processes. With approximately 43 percent of all breaches occurring as a result of a vulnerability at the application Read more about Cost Management Services iRecruit Achieves Veracode Verified Standard Status[…]
iRecruit is pleased to announce that we have added increased Work Opportunity Tax Credit integration into iRecruit. The integration is immediately available for customers who use both iRecruit and CMS’s Work Opportunity Tax Credit Administration services. The new streamlined integration allows customers to increase their WOTC particiption, quickly identify potentially qualified candidates through reporting and Read more about iRecruit Adds Increased Work Opportunity Tax Credit Integration[…]
Do you have a list of the top ten reasons STAR employees would want to work for you? Just one of the questions hourly worker hiring and retention expert Mel Kleiman addresses in this extract from a recent webinar that we did with HR.com. When it comes to the Work Opportunity Tax Credit employers can Read more about Reducing Turnover by Hiring STARS[…]
From our #WOTCQuestions archive. “Am I Still Eligible for WOTC With Seasonal Hiring?” Yes, all companies are eligible when hiring seasonal employees. If hiring employees for a specific period of time, especially part-time employees, remember that the minimum amount of hours to qualify for the Work Opportunity Tax Credit is 120 hours. If the employee Read more about Am I Still Eligible for WOTC With Seasonal Hiring?[…]
Hiring a United States Veteran can potentially make you eligible for a tax credit of up to $9,600. To qualify for a WOTC credit under the Veteran target group, the individual must first complete the 8850, and 9061 forms. If an individual identifies themselves as a veteran, our online system will ask for a copy Read more about The Work Opportunity Tax Credit and Hiring Veterans, What You Need to Know[…]
At iRecruit, we hear from people who visit our website all the time who tell us that when it comes to the Work Opportunity Tax Credit, it “takes too much time to manage.” That’s where we come in. CMS-iRecruit has a dedicated service team working on finding WOTC credits for our customers. We manage the Read more about How to Make WOTC a Part of Your Onboarding Process[…]
“What Type of WOTC Clients Do You Work With?” is actually one of the most frequently asked questions we receive about the Work Opportunity Tax Credit. Everyone from customers, to CPA firms, to website visitors wants to know. The reason for asking, is so they can know the answer to the inevitable follow up question Read more about What Type of WOTC Clients Do You Work With?[…]
Your WOTC Dashboard will provide a real-time overview of how many credits you have, and how many are pending. Howecver, if you’re not a customer yet, but are interested in estimating how much value Work Opportunity Tax Credits could potentially provide to your company, you can use our WOTC Calculator below. The calculator estimates that Read more about WOTC Tax Credit Calculator – Estimate Your Potential Tax Credits[…]
WOTC or Work Opportunity Tax Credit is a Federal tax credit available to employers to hire and retain veterans and individuals from target groups with significant barriers to employment. The target groups are: The Work Opportunity Tax Credit’s Ten Target Groups from Cost Management Services How WOTC works with iRecruit and iConnect iRecruit and iConnect Read more about Get To Know the WOTC Target Groups – Which Employees Qualify?[…]
When it comes to the Work Opportunity Tax Credit, WOTC, timing Is everything! You may have heard of the 28 Day Rule. This is a critical factor with WOTC processing. Your WOTC surveys from new hires have to be completed and submitted to the State Workforce Agency/Department of Labor (SWA) within 28 days of the Read more about [Video] With WOTC, Timing Is Everything![…]
Your Work Opportunity Tax Credit (WOTC) Dashboard gives you a real-time overview of the activity in your account. The Dashboard contains the following: Ability to look up your WOTC applications in real-time. The benefit to this is that you can confirm your new hires are completing the WOTC Survey so you’re not missing out on Read more about What Can My WOTC Dashboard Show Me?[…]